Indonesia, Jakarta: Siemens and PT. Trafoindo Prima Perkasa (Trafoindo), a privately-owned transformer company based in Jakarta, have agreed to enter into a joint venture for manufacturing power transformers to serve the Indonesian market.
The company will operate under the name PT. Trafoindo Power Indonesia, with Siemens holding a minority share of 49 percent and Trafoindo holding a 51 percent stake in the joint venture, Siemens said in the press release.
The production facility will be located at Trafoindo premises in Tangerang, Jakarta.
Initial production is scheduled to start in 2019 with an annual capacity of approximately 200 units.